Score

Definition

A Score is a Statistical / Mathematical Concept that provides a numerical record of points earned in some scoring process.

Context

Scores find widespread application in Risk Management as they facilitate aggregating and summarizing information about a system, entity or Risk and communicating such information in a concise manner.

Usage

A Scorecard is a system for compiling a set of partial scores which may be suitably summed into a final score.

Examples

• A Rating is typically a more coarse grained assessment / aggregation
• A Risk Score is a score applied in the assessment of Risk
• A Credit Score is a scoring system that aims to assess Creditworthiness